LOANS AND ALLOWANCE FOR CREDIT LOSSES

Schedule of classes of loans by aging as of the dates indicated


	June 30, 2024
													Total Loans
					Over 90						Total		> 90 Days Past
	30-59 Days		60-89 Days		Days		Total Past				Loans		Due and
	Past Due		Past Due		Past Due		Due		Current		Receivable		Still Accruing

	(In Thousands)
One- to four-family residential construction	$	—	$	—	$	—	$	—	$	29,718	$	29,718	$	—
Subdivision construction		—		—		—		—		19,427		19,427		—
Land development		553		—		—		553		42,638		43,191		—
Commercial construction		—		—		—		—		550,231		550,231		—
Owner occupied one- to four-family residential		140		34		554		728		740,227		740,955		—
Non-owner occupied one- to four-family residential		—		—		593		593		122,575		123,168		—
Commercial real estate		88		—		9,764		9,852		1,501,820		1,511,672		—
Other residential (multi-family)		—		—		—		—		1,250,976		1,250,976		—
Commercial business		—		—		—		—		255,917		255,917		—
Industrial revenue bonds		—		—		—		—		11,699		11,699		—
Consumer auto		28		19		2		49		26,151		26,200		—
Consumer other		107		16		39		162		28,309		28,471		—
Home equity lines of credit		93		—		32		125		113,358		113,483		—

Total	$	1,009	$	69	$	10,984	$	12,062	$	4,693,046	$	4,705,108	$	—


	December 31, 2023
													Total Loans
					Over 90						Total		> 90 Days Past
	30-59 Days		60-89 Days		Days		Total Past				Loans		Due and
	Past Due		Past Due		Past Due		Due		Current		Receivable		Still Accruing

	(In Thousands)
One- to four-family residential construction	$	—	$	—	$	—	$	—	$	29,628	$	29,628	$	—
Subdivision construction		—		—		—		—		23,359		23,359		—
Land development		—		—		384		384		47,631		48,015		—
Commercial construction		—		—		—		—		703,407		703,407		—
Owner occupied one- to four-family residential		2,778		125		722		3,625		765,635		769,260		—
Non-owner occupied one- to four-family residential		—		—		—		—		121,275		121,275		—
Commercial real estate		187		92		10,552		10,831		1,510,201		1,521,032		—
Other residential (multi-family)		9,572		—		—		9,572		932,499		942,071		—
Commercial business		—		—		31		31		318,019		318,050		—
Industrial revenue bonds		—		—		—		—		12,047		12,047		—
Consumer auto		116		65		8		189		28,154		28,343		—
Consumer other		137		—		42		179		28,799		28,978		—
Home equity lines of credit		335		26		9		370		115,513		115,883		—

Total	$	13,125	$	308	$	11,748	$	25,181	$	4,636,167	$	4,661,348	$	—

Schedule of activity in the allowance for credit losses and unfunded commitments by portfolio segment


	One- to Four-
	Family
	Residential and		Other		Commercial		Commercial		Commercial
	Construction		Residential		Real Estate		Construction		Business		Consumer		Total

	(In Thousands)
Allowance for credit losses
Balance, March 31, 2023	$	11,797	$	13,189	$	25,506	$	2,502	$	7,821	$	4,172	$	64,987
Provision (credit) charged to expense		—		—		—		—		—		—		—
Losses charged off		—		—		—		—		—		(477)		(477)
Recoveries		21		—		2		—		6		313		342
Balance, June 30, 2023	$	11,818	$	13,189	$	25,508	$	2,502	$	7,827	$	4,008	$	64,852

Allowance for credit losses
Balance, March 31, 2024	$	9,660	$	13,886	$	29,469	$	2,748	$	5,396	$	3,928	$	65,087
Provision (credit) charged to expense		—		—		—		—		—		—		—
Losses charged off		(9)		—		—		(101)		—		(439)		(549)
Recoveries		27		—		—		194		281		215		717
Balance, June 30, 2024	$	9,678	$	13,886	$	29,469	$	2,841	$	5,677	$	3,704	$	65,255


	One- to Four-
	Family
	Residential and		Other		Commercial		Commercial		Commercial
	Construction		Residential		Real Estate		Construction		Business			Consumer		Total

	(In Thousands)
Allowance for credit losses
Balance, January 1, 2023	$	11,171	$	12,110	$	27,096	$	2,865	$	5,822		$	4,416	$	63,480
Provision (credit) charged to expense		647		1,079		(1,590)		(363)		1,851			(124)		1,500
Losses charged off		(31)		—		—		—		—			(911)		(942)
Recoveries		31		—		2		—		154			627		814
Balance, June 30, 2023	$	11,818	$	13,189	$	25,508	$	2,502	$	7,827		$	4,008	$	64,852

Allowance for credit losses
Balance, January 1, 2024	$	9,820	$	13,370	$	28,171	$	2,844	$	6,935		$	3,530	$	64,670
Provision (credit) charged to expense		(107)		516		1,298		(96)		(1,596	)		485		500
Losses charged off		(65)		—		—		(101)		(31)			(779)		(976)
Recoveries		30		—		—		194		369			468		1,061
Balance, June 30, 2024	$	9,678	$	13,886	$	29,469	$	2,841	$	5,677		$	3,704	$	65,255


	One- to Four-
	Family
	Residential and		Other		Commercial		Commercial		Commercial
	Construction		Residential		Real Estate		Construction		Business		Consumer		Total

	(In Thousands)
Allowance for unfunded commitments
Balance, March 31, 2023	$	832	$	8,058	$	445	$	891	$	1,263	$	501	$	11,990
Provision (credit) charged to expense		(74)		(1,267)		19		(20)		(276)		(1)		(1,619)
Balance, June 30, 2023	$	758	$	6,791	$	464	$	871	$	987	$	500	$	10,371

Allowance for unfunded commitments
Balance, March 31, 2024	$	679	$	3,978	$	614	$	509	$	1,353	$	484	$	7,617
Provision (credit) charged to expense		(6)		(632)		32		41		(10)		(32)		(607)
Balance, June 30, 2024	$	673	$	3,346	$	646	$	550	$	1,343	$	452	$	7,010


	One- to Four-
	Family
	Residential and		Other		Commercial		Commercial		Commercial
	Construction		Residential		Real Estate		Construction		Business		Consumer		Total

	(In Thousands)
Allowance for unfunded commitments
Balance, January 1, 2023	$	736	$	8,624	$	416	$	802	$	1,734	$	504	$	12,816
Provision (credit) charged to expense		22		(1,833)		48		69		(747)		(4)		(2,445)
Balance, June 30, 2023	$	758	$	6,791	$	464	$	871	$	987	$	500	$	10,371

Allowance for unfunded commitments
Balance, January 1, 2024	$	706	$	4,006	$	619	$	741	$	959	$	456	$	7,487
Provision (credit) charged to expense		(33)		(660)		27		(191)		384		(4)		(477)
Balance, June 30, 2024	$	673	$	3,346	$	646	$	550	$	1,343	$	452	$	7,010

Schedule of loan modifications made to borrowers experiencing financial difficulty by the loan portfolio and type of concessions granted


	Amortized Cost Basis at June 30, 2024
	Interest Rate		Term				Total
	Reduction		Extension		Combination		Modifications

		(In Thousands)
Construction and land development	$	—	$	—	$	—	$	—
One- to four-family residential		—		—		—		—
Other residential (multi-family)		—		2,732		—		2,732
Commercial real estate		—		75		7,174		7,249
Commercial business		—		—		—		—
Consumer		—		6		—		6
	$	—	$	2,813	$	7,174	$	9,987


	Amortized Cost Basis at December 31, 2023
	Interest Rate		Term				Total
	Reduction		Extension		Combination		Modifications

		(In Thousands)
Construction and land development	$	—	$	—	$	1,553	$	1,553
One- to four-family residential		—		—		—		—
Other residential (multi-family)		—		2,750		—		2,750
Commercial real estate		—		77		20,365		20,442
Commercial business		—		—		—		—
Consumer		5		7		—		12
	$	5	$	2,834	$	21,918	$	24,757

Schedule of loans by category and risk rating separated by origination and loan class

The following tables present a summary of loans by category and risk rating separated by origination and loan class as of June 30, 2024 and December 31, 2023.


	Term Loans by Origination Year
													Revolving
June 30, 2024	2024 YTD		2023		2022		2021		2020		Prior		Loans		Total

	(In Thousands)
One- to four-family residential construction
Satisfactory (1-4)	$	3,519	$	16,346	$	3,704	$	40	$	—	$	—	$	6,109	$	29,718
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		3,519		16,346		3,704		40		—		—		6,109		29,718
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Subdivision construction
Satisfactory (1-4)		—		284		703		17,681		31		269		459		19,427
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		—		284		703		17,681		31		269		459		19,427
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Construction and land development
Satisfactory (1-4)		6,524		12,766		7,068		5,191		3,651		7,286		705		43,191
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		6,524		12,766		7,068		5,191		3,651		7,286		705		43,191
Current Period Gross Charge Offs		—		—		—		—		—		101		—		101

Other construction
Satisfactory (1-4)		22,655		68,085		353,154		87,020		19,317		—		—		550,231
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		22,655		68,085		353,154		87,020		19,317		—		—		550,231
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

One- to four-family residential
Satisfactory (1-4)		22,252		64,870		320,685		185,819		101,946		165,704		533		861,809
Watch (5)		—		—		—		—		146		694		—		840
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		524		—		950		—		1,474
Total		22,252		64,870		320,685		186,343		102,092		167,348		533		864,123
Current Period Gross Charge Offs		—		49		—		—		—		15		—		64

Other residential (multi-family)
Satisfactory (1-4)		6,542		66,124		310,672		511,679		181,521		168,425		3,282		1,248,245
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		2,731		—		2,731
Classified (7-9)		—		—		—		—		—		—		—		—
Total		6,542		66,124		310,672		511,679		181,521		171,156		3,282		1,250,976
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Commercial real estate
Satisfactory (1-4)		21,138		70,090		319,641		225,881		97,191		730,152		28,379		1,492,472
Watch (5)		—		—		—		—		—		5,078		—		5,078
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		111		87		—		13,924		—		14,122
Total		21,138		70,090		319,752		225,968		97,191		749,154		28,379		1,511,672
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Commercial business
Satisfactory (1-4)		9,439		35,741		69,722		23,728		9,820		50,642		51,301		250,393
Watch (5)		—		—		994		—		—		11		—		1,005
Special Mention (6)		—		—		1,098		3,670		43		—		11,200		16,011
Classified (7-9)		200		—		—		—		7		—		—		207
Total		9,639		35,741		71,814		27,398		9,870		50,653		62,501		267,616
Current Period Gross Charge Offs		—		—		—		4		27		—		—		31

Consumer
Satisfactory (1-4)		10,524		12,545		8,584		3,921		1,745		10,821		118,894		167,034
Watch (5)		—		—		2		18		4		199		111		334
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		2		3		25		37		—		76		643		786
Total		10,526		12,548		8,611		3,976		1,749		11,096		119,648		168,154
Current Period Gross Charge Offs		5		67		93		23		3		548		41		780

Combined
Satisfactory (1-4)		102,593		346,851		1,393,933		1,060,960		415,222		1,133,299		209,662		4,662,520
Watch (5)		—		—		996		18		150		5,982		111		7,257
Special Mention (6)		—		—		1,098		3,670		43		2,731		11,200		18,742
Classified (7-9)		202		3		136		648		7		14,950		643		16,589
Total	$	102,795	$	346,854	$	1,396,163	$	1,065,296	$	415,422	$	1,156,962	$	221,616	$	4,705,108
Current Period Gross Charge Offs	$	5	$	116	$	93	$	27	$	30	$	664	$	41	$	976


	Term Loans by Origination Year
													Revolving
December 31, 2023	2023		2022		2021		2020		2019		Prior		Loans		Total

	(In Thousands)
One- to four-family residential construction
Satisfactory (1-4)	$	12,528	$	9,878	$	41	$	—	$	—	$	—	$	7,181	$	29,628
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		12,528		9,878		41		—		—		—		7,181		29,628
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Subdivision construction
Satisfactory (1-4)		532		1,022		21,333		43		64		365		—		23,359
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		532		1,022		21,333		43		64		365		—		23,359
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Construction and land development
Satisfactory (1-4)		14,860		12,564		5,658		3,682		5,458		4,531		878		47,631
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		384		384
Total		14,860		12,564		5,658		3,682		5,458		4,531		1,262		48,015
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Other construction
Satisfactory (1-4)		60,895		422,727		203,918		15,867		—		—		—		703,407
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		60,895		422,727		203,918		15,867		—		—		—		703,407
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

One- to four-family residential
Satisfactory (1-4)		66,733		330,489		203,781		108,232		60,288		118,570		483		888,576
Watch (5)		—		—		—		—		171		862		46		1,079
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		543		148		—		189		—		880
Total		66,733		330,489		204,324		108,380		60,459		119,621		529		890,535
Current Period Gross Charge Offs		—		—		—		—		—		11		20		31

Other residential (multi-family)
Satisfactory (1-4)		18,795		108,389		391,516		180,916		108,173		111,462		3,335		922,586
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		12,322		—		12,322
Classified (7-9)		—		—		—		—		—		7,163		—		7,163
Total		18,795		108,389		391,516		180,916		108,173		130,947		3,335		942,071
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Commercial real estate
Satisfactory (1-4)		53,158		284,738		237,822		103,393		161,680		624,515		35,276		1,500,582
Watch (5)		—		—		—		—		154		5,348		—		5,502
Special Mention (6)		—		—		—		—		—		4,396		—		4,396
Classified (7-9)		—		—		—		—		—		10,552		—		10,552
Total		53,158		284,738		237,822		103,393		161,834		644,811		35,276		1,521,032
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Commercial business
Satisfactory (1-4)		58,551		92,224		30,361		15,371		10,043		55,044		57,177		318,771
Watch (5)		—		—		—		—		—		1,369		—		1,369
Special Mention (6)		—		1,186		3,840		—		—		—		4,900		9,926
Classified (7-9)		—		—		4		27		—		—		—		31
Total		58,551		93,410		34,205		15,398		10,043		56,413		62,077		330,097
Current Period Gross Charge Offs		—		7		—		—		—		1,030		—		1,037

Consumer
Satisfactory (1-4)		16,629		12,010		6,163		2,811		828		12,089		122,166		172,696
Watch (5)		—		3		21		6		3		201		154		388
Special Mention (6)		—		—		—		—		—		—		8		8
Classified (7-9)		—		42		12		—		—		49		9		112
Total		16,629		12,055		6,196		2,817		831		12,339		122,337		173,204
Current Period Gross Charge Offs		4		135		24		3		18		1,493		77		1,754

Combined
Satisfactory (1-4)		302,681		1,274,041		1,100,593		430,315		346,534		926,576		226,496		4,607,236
Watch (5)		—		3		21		6		328		7,780		200		8,338
Special Mention (6)		—		1,186		3,840		—		—		16,718		4,908		26,652
Classified (7-9)		—		42		559		175		—		17,953		393		19,122
Total	$	302,681	$	1,275,272	$	1,105,013	$	430,496	$	346,862	$	969,027	$	231,997	$	4,661,348
Current Period Gross Charge Offs	$	4	$	142	$	24	$	3	$	18	$	2,534	$	97	$	2,822